Any rental company that claims exemption from the motor vehicle excise tax, pursuant to this chapter, shall keep and maintain any books, records, or files that indicate compliance with this chapter. The books, records, and files are subject to inspection by the department during business hours. A rental company shall maintain these records for five years following any transaction.

Source: 50 SDR 157, effective July 1, 2024 .

General Authority: SDCL 32-5B-15 .

Law Implemented: SDCL 32-5B-1.2 , 32-5B-2 (18) .